Equities analysts forecast that Dorman Products, Inc. (NASDAQ:DORM) will post $235.45 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Dorman Products’ earnings, with estimates ranging from $234.40 million to $235.97 million. Dorman Products posted sales of $229.10 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The company is expected to report its next quarterly earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Dorman Products will report full year sales of $235.45 million for the current year, with estimates ranging from $909.90 million to $911.47 million. For the next fiscal year, analysts anticipate that the business will post sales of $1.01 billion per share, with estimates ranging from $1.00 billion to $1.02 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Dorman Products.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Friday, October 27th. The auto parts company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.07). The firm had revenue of $224.60 million during the quarter, compared to analysts’ expectations of $233.56 million. Dorman Products had a return on equity of 18.32% and a net margin of 12.53%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 earnings per share.

DORM has been the topic of a number of research reports. Zacks Investment Research downgraded Dorman Products from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Jefferies Group restated a “hold” rating and issued a $75.00 price objective on shares of Dorman Products in a report on Sunday, October 29th. BidaskClub downgraded Dorman Products from a “hold” rating to a “sell” rating in a report on Friday, August 18th. B. Riley restated a “neutral” rating and issued a $65.00 price objective (down from $75.00) on shares of Dorman Products in a report on Wednesday, November 1st. Finally, FBR & Co restated a “neutral” rating and issued a $65.00 price objective (down from $75.00) on shares of Dorman Products in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $68.33.

Dorman Products (DORM) opened at $67.10 on Friday. The company has a market capitalization of $2,262.75, a PE ratio of 20.27, a PEG ratio of 1.83 and a beta of 0.61. Dorman Products has a twelve month low of $62.64 and a twelve month high of $88.50.

Several institutional investors have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC raised its holdings in shares of Dorman Products by 3.0% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,390 shares of the auto parts company’s stock valued at $115,000 after buying an additional 41 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Dorman Products during the 2nd quarter valued at about $117,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Dorman Products by 8.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,442 shares of the auto parts company’s stock valued at $119,000 after buying an additional 118 shares during the period. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Dorman Products by 10.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,447 shares of the auto parts company’s stock valued at $120,000 after buying an additional 139 shares during the period. Finally, Winslow Evans & Crocker Inc. raised its holdings in shares of Dorman Products by 1,740.0% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 1,840 shares of the auto parts company’s stock valued at $132,000 after buying an additional 1,740 shares during the period. Institutional investors own 76.25% of the company’s stock.

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About Dorman Products

Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.

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Earnings History and Estimates for Dorman Products (NASDAQ:DORM)

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